Voltalia Achieves Milestone with 3.3 Gigawatts Capacity Target

Voltalia Celebrates Achievement of 2024 Capacity Goals

Voltalia, an international player in renewable energies, proudly announces the successful achievement of its 2024 capacity targets, totaling around 3.3 gigawatts (3,256 megawatts) by the end of the year. Of this impressive total, more than 2.5 gigawatts (2,514 megawatts) are already in operation.

New Power Contracts and Ongoing Projects

In 2024, Voltalia secured new power sales contracts amounting to 637 megawatts, a significant increase compared to previous years. Out of this total, 301 megawatts are currently under construction, while the remaining capacity is set to be developed or sold from 2025 onwards.

Current and Future Capacity Growth

The capacity of Voltalia's facilities, whether operational or under construction, has surged by 406 megawatts, marking a 14% increase. The operational capacity alone has grown by 144 megawatts, showcasing a 6% rise, as Voltalia integrated an additional 157 megawatts into its portfolio—128 megawatts in Europe and 29 megawatts in Brazil.

Under Construction Facilities

Voltalia's power plants under construction have seen a remarkable 55% growth, expanding by 262 megawatts to reach a total of 742 megawatts. In the current year, the company initiated the construction of 469 megawatts, a notable increase from the previous year's 259 megawatts. Of these, 311 megawatts are based in Europe, while Brazil and other countries contribute 32 megawatts and 126 megawatts, respectively.

Recognition of New Contracts

The year 2024 has been fruitful for Voltalia, which has established long-term power sales contracts totaling 637 megawatts, reflecting a 42% increase from 448 megawatts in 2023. The contracts breakdown includes 198 megawatts in Europe, 44 megawatts in Brazil, and an impressive 395 megawatts in several other markets.

Strategic Partnership Developments

This year also marks a pivotal moment for Voltalia with the signing of significant partnership agreements aimed at bolstering future electricity sales contracts:

• In Egypt, a collaborative agreement with the Ministry of Electricity for the enhancement of the Zafarana wind farms. This project features a hybrid solution of solar and wind energy with a combined capacity of 3.2 gigawatts, equally split between Voltalia and its partner Taqa Arabia. This ambitious venture is set to become one of the largest hybrid complexes worldwide.
• In Uzbekistan, a tripartite protocol was established with the Ministry of Investment and Foreign Trade and the Ministry of Energy for developing a substantial 500-megawatt battery storage complex, which will rank as one of the largest battery systems on a global scale.

CEO's Vision and Upcoming Announcements

Robert Klein, Chief Executive Officer of Voltalia, expressed pride in the company's performance, stating, "By achieving our 2024 capacity targets with 3.3 gigawatts of capacity in operation or under construction, including more than 2.5 gigawatts in operation, Voltalia is solidifying its role as a renewable energy producer across three continents. My gratitude goes to our dedicated teams, whose exceptional commitment lays the groundwork for continued success in 2025.

Looking ahead, Voltalia is gearing up for the announcement of its Q4 2024 turnover, set to take place after market close on January 29, 2025.

About Voltalia

Voltalia is a key player in the renewable energy sector operating globally. With a total capacity of 3.3 GW that is either operational or in development and a project portfolio totaling 17.2 GW, Voltalia's influence continues to grow. Its diversified portfolio includes wind, solar, hydro, biomass, and energy storage facilities, positioning it as a leader in sustainable energy solutions.

In addition to producing and selling electricity, Voltalia provides comprehensive services to support its clients throughout their project lifecycles, ensuring optimal management from design to maintenance. This holistic approach allows companies to access green energy solutions while improving energy efficiency.

With a talented workforce exceeding 2,000 employees distributed across 20 countries on three continents, Voltalia stands ready to meet the diverse needs of its clients, empowering them to make a positive environmental impact.

Frequently Asked Questions

1. What makes Voltalia a significant player in renewable energy?

Voltalia is recognized for its capacity of 3.3 GW and its extensive project portfolio of 17.2 GW, with operations across multiple continents.

2. What recent contracts has Voltalia secured?

In 2024, Voltalia won new power sales contracts totaling 637 megawatts, showing significant growth from the previous year.

3. How has Voltalia's capacity changed in 2024?

The company's operational capacity increased by 144 megawatts, showcasing consistent growth and investment in renewable energy.

4. What are some key projects Voltalia is working on?

Voltalia is undertaking major projects in Egypt and Uzbekistan that involve innovative renewable energy solutions and substantial battery storage systems.

5. When can investors expect the next financial update?

Voltalia is scheduled to release its Q4 2024 turnover on January 29, 2025, after market closure.

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